New York
Our ranking: Least tax-friendly
State income tax: 4.0% (on up to $8,500 of taxable income for single filers and up to $17,150 for married couples filing jointly) — 8.82% (on taxable income over $1,070,550 for single filers and over $2,155,350 for married couples filing jointly)
Average state and local sales taxes: 8.49%
Gas taxes and fees: 41 cents per gallon (varies by county)
The Empire State has a hefty income tax bite, and the property tax on the state’s median home value of $286,300 is $4,738, tying Rhode Island for 10th-highest in the U.S. But in some high-cost parts of the state, such as Westchester County, homeowners pay more than $17,000 in property taxes, which means they’ll be pinched even more by the new $10,000 cap on the federal deduction for state and local taxes. New York allows localities to impose an income tax; the average levy is 2.11%, per the Tax Foundation.
